Welcome to our dedicated page for Element Solutions news (Ticker: $ESI), a resource for investors and traders seeking the latest updates and insights on Element Solutions stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Element Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Element Solutions's position in the market.
Element Solutions Inc reported net sales of $575 million for the first quarter of 2024, showing a 1% increase organically. Adjusted EBITDA increased by 13%, reaching $127 million. The Company raised its full year 2024 adjusted EBITDA guidance to $515 million to $530 million. The electronics segment grew by 3%, while industrial & Specialty decreased by 4%. Reported net income increased to $56 million from $43 million last year. EPS performance improved, with GAAP diluted EPS at $0.23 and adjusted EPS at $0.34. The Company remains optimistic about the recovery in electronics markets despite economic challenges in some regions.
